Voya Investment Management LLC Has $35.64 Million Holdings in Wheaton Precious Metals Corp. (NYSE:WPM)

Voya Investment Management LLC lessened its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 5.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 633,642 shares of the company's stock after selling 38,132 shares during the period. Voya Investment Management LLC owned 0.14% of Wheaton Precious Metals worth $35,636,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Versant Capital Management Inc acquired a new stake in shares of Wheaton Precious Metals during the 4th quarter worth $29,000. Promus Capital LLC acquired a new stake in shares of Wheaton Precious Metals during the 4th quarter worth $32,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Wheaton Precious Metals during the 4th quarter worth $38,000. Laurel Wealth Advisors LLC acquired a new stake in shares of Wheaton Precious Metals during the 4th quarter worth $39,000. Finally, Quintet Private Bank Europe S.A. acquired a new stake in shares of Wheaton Precious Metals during the 4th quarter worth $39,000. Institutional investors own 70.34% of the company's stock.

Wall Street Analyst Weigh In

WPM has been the topic of several analyst reports. National Bankshares reissued an "outperform" rating on shares of Wheaton Precious Metals in a report on Wednesday, April 23rd. Scotiabank increased their target price on Wheaton Precious Metals from $79.00 to $87.00 and gave the stock a "sector outperform" rating in a report on Monday, April 14th. Stifel Canada upgraded Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. BMO Capital Markets assumed coverage on Wheaton Precious Metals in a research report on Wednesday, April 16th. They set an "outperform" rating and a $129.00 price objective for the company. Finally, Royal Bank of Canada upped their price objective on Wheaton Precious Metals from $75.00 to $80.00 and gave the stock a "sector perform" rating in a research report on Friday, April 4th. One research analyst has rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $83.40.

Wheaton Precious Metals Stock Down 3.2 %

Wheaton Precious Metals stock traded down $2.64 during trading hours on Thursday, hitting $80.88. The stock had a trading volume of 974,017 shares, compared to its average volume of 1,646,676. The business's 50 day simple moving average is $75.88 and its 200-day simple moving average is $66.81. Wheaton Precious Metals Corp. has a one year low of $51.96 and a one year high of $87.42. The stock has a market cap of $36.70 billion, a price-to-earnings ratio of 60.42, a P/E/G ratio of 1.91 and a beta of 0.74.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last released its earnings results on Thursday, March 13th. The company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.01). Wheaton Precious Metals had a return on equity of 8.85% and a net margin of 50.05%. The business had revenue of $380.52 million for the quarter, compared to analyst estimates of $395.74 million. During the same period in the prior year, the business earned $0.36 EPS. The company's revenue for the quarter was up 21.4% on a year-over-year basis. Research analysts anticipate that Wheaton Precious Metals Corp. will post 1.46 EPS for the current fiscal year.

Wheaton Precious Metals Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Tuesday, April 1st were paid a dividend of $0.165 per share. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $0.66 annualized dividend and a yield of 0.82%. This is a boost from Wheaton Precious Metals's previous quarterly dividend of $0.16. Wheaton Precious Metals's dividend payout ratio (DPR) is currently 56.90%.

Wheaton Precious Metals Company Profile

Wheaton Precious Metals Corp. primarily sells precious metals in North America, Europe, and South America. It produces and sells gold, silver, palladium, and cobalt deposits. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp. in May 2017. Wheaton Precious Metals Corp.